Economy
Claims outpace premiums: Azerbaijan’s insurers compared
Life-insurer payments reached 92.4% of premiums. A comparison of 15 companies, with life and non-life shown separately.
Top Stories
Before the shop: which food imports cost Azerbaijan more per tonne
Maize unit values rose 21%, while butter and milk fats fell 11.8%. FinFly compares nine food-import categories.
China raises concerns over US trade restrictions
He Lifeng discussed trade differences with Bessent and Greer.
Kazakhstan and Tajikistan adopt trade roadmap to 2030
Food supplies, processing and freight logistics are among the priorities.
Agdam opens metal products plant in AZN 24.9 million project
The first phase cost AZN 8.8 million. Full operation is expected to provide 100 jobs.
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Economy
China steps up infrastructure and equipment upgrades
The government is stepping up investment and domestic-demand support.
Economy
China foreign exchange reserves rise to $3.405 trillion in October
Reserves increased by $4.9 billion during the month.
Economy
Komfy opens Agdam plant with capacity for 130,000 mattresses a year
The AZN 2.5 million project targets domestic and export markets.
Economy
A tax return filing extension does not automatically extend the payment deadline
The State Tax Service clarified the distinction for income and profit tax returns. An electronic filing-extension request is not a payment deferral.
Economy
Azerbaijan financial control recovered AZN 106.9 million and prevented AZN 100.9 million in spending
Control measures were completed at 84 organizations in nine months. Recoveries and prevented expenditure represent different outcomes.
Economy
Azerbaijan expects AZN 872 million in net dividends from 48 state enterprises in 2027
The forecast is 45.4% above the 2026 benchmark. Assessing the sector's full budget contribution also requires comparable data on state support.
Economy
Treasury balance management earned Azerbaijan AZN 46.8 million in nine months
The Finance Ministry reported actual interest income for January-September. A separate October release disclosed AZN 704 million in bank deposit placements.
Economy
Azerbaijan guaranteed debt fell 23.9%; foreign currency still accounts for 83.8%
State-guaranteed debt stood at AZN 7.886 billion after nine months, with 68.8% falling into the maturity bracket of up to five years.
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Green energy: check technology and output
Solar, wind, hydro and other technologies can sit behind the label. Identify the actual energy source first.
Grace periods depend on amount and deadline
A grace period can avoid interest when the card’s conditions are met. An advertised number of days is not the full calculation rule.
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FINFLY DATA
All indicators ↗Economy in numbers
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All projects ↗From announcement to outcome
Construction
Bilasuvar solar plant: 445 MW
Financial close and first-panel installation are documented, not whole-plant commissioning.
Project timeline ↗InauguratedTrans-Caspian fibre-optic link
On 15 October, the presidents of Azerbaijan and Kazakhstan officially inaugurated the Trans-Caspian fibre-optic link online.
Project timeline ↗Companies behind the news
Profiles, business and FinFly reporting
AT
Atəşgah HəyatInsuranceAn Azerbaijani life insurer whose legal entity and licence are listed in the Central Bank register.↗PA
PASHA InsuranceInsuranceOne of Azerbaijan largest insurers, part of PASHA Holding.↗IN
International Monetary FundFinanceThe international body responsible for global financial stability.↗
CEAtəşgah HəyatInsuranceAn Azerbaijani life insurer whose legal entity and licence are listed in the Central Bank register.↗PAPASHA InsuranceInsuranceOne of Azerbaijan largest insurers, part of PASHA Holding.↗INInternational Monetary FundFinanceThe international body responsible for global financial stability.↗
Central Bank of AzerbaijanFinanceThe Central Bank of Azerbaijan runs monetary policy and oversees the manat and the financial sector.↗RI
RippleCryptoA US blockchain-payments company.↗ATAtəşgah HəyatInsuranceAn Azerbaijani life insurer whose legal entity and licence are listed in the Central Bank register.↗AZ
AzSığortaInsuranceAn Azerbaijani insurance company listed in the Central Bank register of insurers.↗ME
Meqa SığortaInsuranceAn Azerbaijani insurance company listed in the Central Bank register of insurers.↗PA
Pasha LifeInsuranceAn Azerbaijani life insurer whose legal entity and licence are listed in the Central Bank register.↗PAPASHA InsuranceInsuranceOne of Azerbaijan largest insurers, part of PASHA Holding.↗QA
Qala HəyatInsuranceAn Azerbaijani life insurer whose legal entity and licence are listed in the Central Bank register.↗QA
Qala SığortaInsuranceAn Azerbaijani insurance company listed in the Central Bank register of insurers.↗XA
Xalq SığortaInsuranceAn Azerbaijani insurance company listed in the Central Bank register of insurers.↗INInternational Monetary FundFinanceThe international body responsible for global financial stability.↗WO
World BankFinanceAn international financial institution that funds development.↗AB
ABBBankingAn Azerbaijani universal bank providing retail, corporate and digital financial services.↗AS
Assist FinanceInvestment companiesA licensed Azerbaijani investment company listed in the Central Bank register.↗BA
Baku Stock ExchangeCapital marketsBaku Stock Exchange organises securities trading and is listed in the Central Bank of Azerbaijan capital-market register.↗BI
BirFintechAn Azerbaijani digital ecosystem with payments, the m10 wallet and a marketplace.↗Discover startups
Products, founders and primary sources
MediatrendsMarTechNews, social, TV and radio monitoring with AI analytics.↗
Andon LabsAI SafetyAI-agent safety research using real-world business tasks.↗
AinuvisionAIVideo search.↗
BookneticBusiness softwareA WordPress plugin for appointment booking, scheduling and customer reminders.↗
PerplexityAIAI-powered search and answers with source citations.↗
PoolsideAIAI models and software agents for software development.↗MediatrendsMarTechNews, social, TV and radio monitoring with AI analytics.↗
Polygraf AICybersecurityLocally deployed AI tools for data protection and risk control.↗
MetateskEdTechVirtual classrooms and AI learning companions for school subjects.↗
WayveMobilityAI for driver assistance and autonomous driving.↗
CloposRestaurantTechRestaurant management software for sales, kitchen operations, inventory and multiple locations.↗Andon LabsAI SafetyAI-agent safety research using real-world business tasks.↗
Decart AIAIGenerative models for real-time interactive video.↗
EpointFinTechOnline payment acceptance.↗
AdMeInMarTechDigital advertising on in-taxi screens.↗AinuvisionAIVideo search.↗
Alkredit.azFinTechLoan comparison.↗
AllinUsMarTechSurveys and market research.↗
AzDimensionGamingGame development.↗Business and technology essentials by email
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